Saudi Arabia to provide $500 mln in financial aid to Tunisia

Xinhua , Friday 21 Jul 2023

Saudi Arabia on Thursday signed agreements with Tunisia to provide $500 million to help finance Tunisia's state budget.

 Kais Saied and Mohammed bin Abdullah Al-Jadaan
Tunisian President Kais Saied during his meeting with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan in Tunis on Thursday 20, July, 2023. Photo courtesy of Tunisian Presidency official Twitter account (@TnPresidency).


In the presence of Tunisian Prime Minister Najla Bouden Romdhane, the agreements were signed by Tunisian Finance Minister Sihem Namsia and her Saudi counterpart Mohammed bin Abdullah Al-Jadaan, at the government headquarters in Tunis.

The agreements included the provision of a soft loan of $400 million and a grant worth $100 million to support the Tunisian economy.

"These agreements aim to support the Tunisian economy to come out of its crisis," Saudi Arabia's Ambassador to Tunisia Abdulaziz bin Ali Al-Saqr told the media on the sidelines of the signing ceremony.

Namsia said that the signing of these agreements "is part of the consolidation of bilateral ties and long-standing cooperation between the two countries."

The Saudi minister said that these agreements testified to the solidity of the relations between the two countries and the efforts made by Saudi Arabia to support the revival of the Tunisian economy.

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